Payment of Other Taxes by Borrower. The Loan Parties jointly and severally agree to timely pay any Other Taxes to the relevant Official Body in accordance with applicable Law, or at Lender’s option, timely reimburse Lender for the payment of any such Other Taxes.
Appears in 2 contracts
Samples: Construction Loan Agreement, Construction Loan Agreement (CNL Growth Properties, Inc.)
Payment of Other Taxes by Borrower. The Loan Parties jointly and severally agree to timely pay any Other Taxes to the relevant Official Body in accordance with applicable Law, or at LenderAgent’s option, timely reimburse Lender Agent for the payment of any such Other Taxes.
Appears in 1 contract
Samples: Construction and Mini Perm Loan Agreement (Cottonwood Multifamily Opportunity Fund, Inc.)
Payment of Other Taxes by Borrower. The Loan Parties jointly and severally agree to timely pay any Other Taxes to the relevant Official Body in accordance with applicable Law, or at Lender’s Agent's option, timely reimburse Lender Agent for the payment of any such Other Taxes.
Appears in 1 contract
Samples: Construction Loan Agreement (Investors Real Estate Trust)
Payment of Other Taxes by Borrower. The Loan Parties jointly and severally agree to Borrower shall timely pay any Other Taxes to the relevant Official Body in accordance with applicable Law, or at Lender’s option, timely reimburse Lender for the payment of any such Other Taxes.
Appears in 1 contract
Samples: Loan Agreement (AmREIT, Inc.)
Payment of Other Taxes by Borrower. The Loan Parties jointly and severally agree to timely pay any Other Taxes to the relevant Official Body in accordance with applicable Law, or at Lender’s 's option, timely reimburse Lender for the payment of any such Other Taxes.
Appears in 1 contract
Samples: Construction and Mini Perm Loan Agreement (HMG Courtland Properties Inc)
